Answered: The total cost of an asset less its…

The total cost of an asset less its accumulated depreciation is called: Multiple Choice Historical cost. Book value. Present value. Current (market) value. Replacement cost.

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter5: Adjusting Entries And The Work Sheet

Section: Chapter Questions

Problem 2MC

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Question

The total cost of an asset less its accumulated depreciation is called:
Multiple Choice
Historical cost.
Book value.
Present value.
Current (market) value.
Replacement cost.

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